BNY Mellon (BK) Gains on Q2 Earnings Beat, Revenue Growth

The Bank of New York Mellon Corporation’s (BK) second-quarter 2024 adjusted earnings of $1.51 per share surpassed the Zacks Consensus Estimate of$1.43. Also, the bottom line reflects a rise of 9.4% from the prior-year quarter.BK shares have gained more than 2% in the pre-market trading on better-than-expected results.Results have been primarily aided by a rise in fee revenues and lower expenses. The assets under custody and/or administration (AUC/A) and assets under management (AUM) balances grew on a soli ...